Because one defendant was infected with Covid-19 and the representative of Nguyen Kim Company was also absent, after consulting, the jury decided to postpone the appellate trial of Mr. Tat Thanh Cang and his accomplices.
On the morning of May 5, the High People’s Court in Ho Chi Minh City opened an appellate trial with former Permanent Deputy Secretary of the Ho Chi Minh City Party Committee Tat Thanh Cang and accomplices according to the appeals of 10 defendants and the appeal of SADECO Company (SADECO is a subsidiary of Tan Thuan Industrial Development Company Limited).
At more than 9am, Mr. Tat Thanh Cang and his accomplices were brought to court. However, even in the procedure, there were unexpected developments. Specifically, defendant Nguyen Truong Bao Khanh (former member of the IPC Board of Directors) filed an application to postpone the trial due to being infected with Covid-19. In addition, Nguyen Kim Company is absent, but this is the unit related to the appeal of Tan Thuan Construction Company Limited – IPC.
Therefore, after consulting, the trial panel decided to adjourn the court session.
Before that, Mr. Tat Thanh Cang was sentenced to 10 years in prison for “violating regulations on management and use of state assets, causing loss and waste”.
Defendant Te Tri Dung (former General Director of Tan Thuan Industrial Development Company Limited – IPC) was sentenced to 11 years in prison for the crime of “violating regulations on management and use of state assets, causing losses and wastefulness.” fee”; 9 years in prison for “Embezzlement of property”. The total penalty for both crimes is 20 years in prison.
Defendant Ho Thi Thanh Phuc (former General Director of Sadeco) was sentenced to 9 years in prison for the crime of “violating regulations on management and use of State assets, causing loss and waste”; 7 years in prison for “Embezzlement of property”. The total penalty for both crimes is 16 years in prison.
The other defendants were also sentenced to between two years in prison and up to 13 years in prison.
After the first-instance hearing, Mr. Tat Thanh Cang and Te Tri Dung and 8 accomplices filed an appeal.
According to the first-instance judgment, Mr. Tat Thanh Cang approved the issuance of 9 million shares of Sadeco to Nguyen Kim Company, ignoring the auction of the value of the shares. This coffee pen of Mr. Cang caused Sadeco to lose 1,103 billion VND.
Defendant Te Chi Dung took advantage of his position and power to approve and spend a lot of money from the reward fund for himself and other members of the Board of Directors for personal use in contravention of regulations. Defendant Dung appropriated over 1.7 billion VND.
Defendant Ho Thi Thanh Phuc followed the direction of Mr. Te Tri Dung, signed reports and proposals to the Board of Members of IPC Company and the Board of Directors of Sadeco Company on increasing charter capital for the Company. Nguyen Kim Company and voted to approve the issuance of shares to Nguyen Kim Company without a public auction, without organizing price appraisal.
In addition, defendant Phuc also signed 2 travel contracts with Ben Thanh Tourism Company and signed a proposal to spend money and receive money from remuneration and reward and then transfer it back to Te Tri Dung and members of the Board of Directors, creating favorable conditions for him. sue individuals for appropriation of state money.
at Blogtuan.info – Source: vietnamnet.vn – Read the original article here